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Bitcoin Retouches $82,026 on May 12, Holds Above $81K Amid Burry Warning

Bitcoin briefly touched $82,026 overnight on May 12 before settling above $81,000, showing resilience despite Michael Burry's Nasdaq crash alert, surging oil over $105, and macro headwinds ahead of CPI data. The week began with BTC breaking $80,000 on May 5 amid $1.97 billion April ETF inflows and 60.66% dominance, peaked at $82,500 on May 7 via $211 million short squeeze, dipped to $79,550 on May 8 from $300 million liquidations and U.S.-Iran tensions plus $277.5 million ETF outflows, then rebounded on BNY Mellon custody, BlackRock inflows, and CLARITY Act markup. Altcoins like SOL and DOGE rose 2%, but risks loom.

Category

Bitcoin

Sentiment

Mixed

Event

Price milestone

Reading time

1 min